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Bank of Montreal (NYSE:BMO)
Cash Flow from Financing
$4,417 Mil (TTM As of Jan. 2017)

Cash from financing is the cash generated/spent from financial activities such as share issuance (buy back), debt issuance (repayment), and dividends paid to preferred and common stockholders.

For the three months ended in Jan. 2017, Bank of Montreal received $51 Mil more from issuing new shares than it paid to buy back shares. It spent $272 Mil paying down its debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $307 Mil paying cash dividends to shareholders. It spent $1,039 Mil on other financial activities. In all, Bank of Montreal spent $1,567 Mil on financial activities for the three months ended in Jan. 2017.


Definition

This is the cash generated/spent from financial activities such as share issuance (buy back), debt issuance (repayment), and dividends paid to preferred and common stockholders. In the calculation of free cash flow, cash from financing is not calculated because it is not related to operating activities.

Bank of Montreal's Cash from Financing for the fiscal year that ended in Oct. 2016 is calculated as:

Cash from Financing(A: Oct. 2016 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=103.388423515+5149.04535507+452.796015395+-1674.59059694+1987.77450758
=6,018

Bank of Montreal's Cash from Financing for the quarter that ended in Jan. 2017 is

Cash from Financing(Q: Jan. 2017 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=50.8230296594+-271.561859971+0+-307.213836001+-1039.21717363
=-1,567

Bank of Montreal Cash Flow from Financing for the trailing twelve months (TTM) ended in Jan. 2017 was 3133.87423935 (Apr. 2016 ) + 909.439166411 (Jul. 2016 ) + 1940.98558599 (Oct. 2016 ) + -1567.16983995 (Jan. 2017 ) = $4,417 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

Cash from financing contains five items:

1. Net Issuance of Stock:
A company may raise cash from issuing new shares. It can also use cash to buy back shares. If this number is positive, it means that the company has received more cash from issuing shares than it has paid to buy back shares. If this number is negative, it means that company has paid more cash to buy back shares than it has received for issuing shares.

Bank of Montreal's net issuance of stock for the three months ended in Jan. 2017 was $51 Mil. Bank of Montreal received $51 Mil more from issuing new shares than it paid to buy back shares.

2. Net Issuance of Debt:
Net issuance of debt is the cash a company received or spent through debt related activities such as debt issuance or debt repayment. If a company pays down its debt during the period, this number will be negative. If a company issued more debt, it receives cash and this number is positive.

Bank of Montreal's net issuance of debt for the three months ended in Jan. 2017 was $-272 Mil. Bank of Montreal spent $272 Mil paying down its debt.

3. Net Issuance of Preferred:
A company may raise cash from issuing new preferred shares. It can also use cash to buy back preferred shares. If this number is positive, it means that the company has received more cash from issuing preferred shares than it has paid to buy back preferred shares. If this number is negative, it means that company has paid more cash to buy back preferred shares than it has received for issuing preferred shares.

Bank of Montreal's net issuance of preferred for the three months ended in Jan. 2017 was $0 Mil. Bank of Montreal paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares.

4. Dividends:
Cash flow for dividends refers to the payment of cash to shareholders as dividends when the company generates income.

Bank of Montreal's cash flow for dividends for the three months ended in Jan. 2017 was $-307 Mil. Bank of Montreal spent $307 Mil paying cash dividends to shareholders.

5. Other Financing:
Money spent or earned by company from other financial activities.

Bank of Montreal's other financing for the three months ended in Jan. 2017 was $-1,039 Mil. Bank of Montreal spent $1,039 Mil on other financial activities.


Related Terms

Cash Flow from Operations, Cash Flow from Investing, Net Issuance of Stock, Net Issuance of Debt, Dividends, Net Issuance of Preferred


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Bank of Montreal Annual Data

Oct07Oct08Oct09Oct10Oct11Oct12Oct13Oct14Oct15Oct16
Net Issuance of Stock -2861531,00019112289-534119-434103
Net Issuance of Debt 13,707-8,638-240-5011,471405-1,3075302,7565,149
Net Issuance of Preferred 6154645450284-401-193691151453
Dividends -1,431-1,252-1,244-1,154-1,629-1,437-1,830-1,651-1,633-1,675
Other Financing 46,487528-12122,71013,242-719-800-103-7891,988
Cash from Financing 59,092-8,744-6021,24613,490-2,063-4,663-415506,018

Bank of Montreal Quarterly Data

Oct14Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16Jan17
Net Issuance of Stock 25-183-174-113112714382351
Net Issuance of Debt 02,267-405-1,9732,9788351,1301,2852,235-272
Net Issuance of Preferred 00-324-245900000
Dividends -318-403-446-424-421-392-452-408-414-307
Other Financing 523-525-7-295-5-3302,443-597-1,039
Cash from Financing 2291,156-1,357-2,8083,0221403,1349091,941-1,567
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